Ncube’s indecision on currency reforms worsening situation: Fitch
UNITED KINGDOM-BASED financial services firm Fitch Solutions says Finance minister Mthuli Ncube’s flip-flopping on currency reforms is worsening the foreign currency crisis. Zimbabwe is in the throes of an acute cash shortage caused by a huge trade deficit — which…
Mayhem over fuel price hikes
MOTORISTS, economists, opposition parties and the commuting public yesterday reacted angrily to President Emmerson Mnangagwa’s move to hike fuel prices by 150%, which triggered a wave of price increases on almost all commodities and services, further plunging the populace into…
Creating public awareness on coercive conversion
Miss Ji In Gu, a 27 year old, from South Korea died last year at the hands of her family after coercive conversion pastors convinced her family to force her to change her religious beliefs. In a country, where freedom…
UN chief warns against violence over DRC vote result
The UN Secretary General Antonio Guterres urged all stakeholders in DR Congo to avoid violence after the opposition chief was declared winner of the presidential election in an announcement contested by his rival. “The Secretary General calls on all stakeholders…
Murder cases top High Court roll
The 2019 legal year begins on Monday, with the High Court expected to hear 44 murder cases during the first quarter. Only one case of fraud, involving Chitungwiza land baron, Frederick Mabamba, is on the case list released ahead of…
Chiwenga slams panic buying and hoarding tendencies
Acting President Retired General Dr Constantino Chiwenga says panic buying and hoarding tendencies are fuelling shortages and price distortions. Dr Chiwenga was speaking at the launch of the second phase of the centre pivots irrigation facility under the crop production…
Govt wage bill increases 10-fold
ZIMBABWE’S public sector monthly wage bill has increased 10-fold to $300 million over the past decade, official data has shown. The actual size of the southern African country’s labour force remains a mystery, with the last official estimates putting it…
One month’s raw materials supply left: CZI
THE majority of Zimbabwe’s businesses are left with less than a month’s supply of foreign-sourced raw materials and could come to a complete standstill if the country’s foreign currency shortages are not addressed urgently, an industry official has said. Confederation…